DCP Midstream Partners, LP (DCP) Downgraded by Zacks Investment Research
DCP Midstream Partners, LP (NYSE:DCP) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued to investors on Tuesday.
According to Zacks, “DCP Midstream Partners, LP is a midstream master limited partnership that gathers, treats, compresses, processes, transports and markets natural gas and transports and markets natural gas liquids. DCP Midstream Partners, LP is managed by its general partner, DCP Midstream GP, LLC, which is wholly owned by Duke Energy Field Services, a joint venture between Duke Energy and ConocoPhillips. It is a midstream master limited partnership formed by Duke Energy Field Services to own, operate, acquire and develop a diversified portfolio of complementary midstream assets. Supported by its relationship with Duke Energy Field Services and its parents, Duke Energy and ConocoPhillips, it intend to acquire and construct additional assets and have a management team dedicated to executing our growth strategies. “
Separately, US Capital Advisors raised DCP Midstream Partners, from a “hold” rating to an “overweight” rating in a research note on Wednesday, May 24th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $40.00.
DCP Midstream Partners, (NYSE DCP) traded up 1.45% on Tuesday, hitting $35.62. 245,500 shares of the stock traded hands. The stock has a market capitalization of $5.10 billion, a P/E ratio of 21.13 and a beta of 2.10. DCP Midstream Partners, has a 12-month low of $29.70 and a 12-month high of $42.45. The company’s 50 day moving average price is $33.93 and its 200-day moving average price is $37.18.
DCP Midstream Partners, (NYSE:DCP) last announced its quarterly earnings results on Wednesday, May 10th. The pipeline company reported $0.41 EPS for the quarter, beating analysts’ consensus estimates of $0.31 by $0.10. The company had revenue of $2.12 billion during the quarter, compared to analysts’ expectations of $613.40 million. DCP Midstream Partners, had a return on equity of 8.15% and a net margin of 10.53%. DCP Midstream Partners,’s revenue was up 44.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.36 EPS. Analysts predict that DCP Midstream Partners, will post $1.19 EPS for the current year.
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DCP Midstream Partners, Company Profile
DCP Midstream, LP, formerly DCP Midstream Partners, LP, is a producer and marketer of natural gas liquids (NGLs) in the United States. The Company is engaged in the business of gathering, compressing, treating, processing, transporting, storing and selling natural gas; producing, fractionating, transporting, storing and selling NGLs and recovering, and selling condensate, and transporting, storing and selling propane in wholesale markets.
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